There is an old saying for investors: “Don’t let the tax tail wag the investment dog.” For many years, this was good advice. But in recent years, taxes have become more complex and egregious, to the ...

IRMAA is a surcharge added to your Medicare Part B and Medicare Part D prescription drug coverage premiums if your income is ...

“It’s not a penalty — it’s a surprise tax hike disguised as a Medicare premium.” That’s how I describe one of the sneakiest traps in retirement: the Income-Related Monthly Adjustment Amount, better ...

Single filers and those with other filing statuses have lower thresholds. Each year, Medicare adjusts these brackets for inflation, so plan for annual changes. Even a modest IRMAA surcharge can ...

Medicare recipients who reach a certain income level must pay a surcharge in the form of an Income Related Monthly Adjustment Amount, or IRMAA. This charge is in addition to your Medicare Part B and ...

If you are a high earner and are on the verge of signing up for Medicare, you might be in for a surprise in the form of a mandatory surcharge. The surcharge, known as IRMAA, is added to Medicare Part ...

The Social Security Administration (SSA) determines a person’s income-related monthly adjusted amount (IRMAA) based on their tax information from the Internal Revenue Service (IRS). Medicare ...

When it comes to Medicare, premiums don’t always stop at the standard rate. If your income exceeds certain thresholds, you may pay more through the income-related monthly adjustment amount, better ...